John Stankey Netflix AT&T John Stankey

AT&T CEO: WarnerMedia Spin Will Let Investors ‘Seize the Multi-Hundred-Billion-Dollar Opportunity’ in Streaming

Reading now: 952
variety.com

Todd Spangler NY Digital EditorAT&T CEO John Stankey positioned the proposed merger of WarnerMedia and Discovery as letting the companies — and their investors — better tap into the global direct-to-consumer opportunity, by separating the media assets from the telco.“I think, realistically, HBO Max would not be where it is today without the combined strength” of WarnerMedia and AT&T, said Stankey, speaking Monday at the J.P.

Morgan Technology, Media and Communications Conference.Having said that, Stankey added, what became clear is that in order to “seize the multi-hundred-billion-dollar opportunity” in direct-to-consumer streaming, WarnerMedia needed a different investor base and structure that would position it for global expansion.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA